Shareholders

Geoffrey C. Brown
President and CEO, USA Properties Fund, Inc.

Geoffrey C. Brown joined USA Properties Fund in 1989 and became President and Chief Executive Officer of USA Properties Fund in 1997. Before joining USA, Mr. Brown was employed at Sanwa Bank California in the Real Estate Industries Division. During his tenure there as Vice President and Manager of the Pasadena Real Estate Office, he oversaw the construction lending activity for residential and commercial loans.

Mr. Brown earned a BA in Economics from Willamette University and an MBA degree in Finance from the University of Washington. Mr. Brown is a licensed Real Estate Broker and Contractor in California and currently serves on the boards of CHC, CHPC and NMHC.